The Ray Shops are located in Pineapple Grove, the vibrant restaurant and retail street immediately north of Atlantic Avenue. The Ray Shops are immediately adjacent to The Ray Hotel with ample parking and walking distance to Atlantic Avenue. Perfect for a small boutique, art gallery and many other retailers, this property offers a great opportunity to locate your retail business in the dynamic and bustling downtown Delray Beach market. Small retail spaces are extremely rare in the downtown Delray Beach market. Akira Back, Campi and The Rosewater Grill (all located at The Ray Hotel) are only steps to the south of this property. Additionally, the restaurants, Papas Tapas and Christina’s (closed recently), have been operating at this property for almost 20 years.
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Lemon Tree Plaza offers a diverse group of tenants including a well-known Animal Hospital and Veterinary Office along with numerous restaurants, an insurance agency, an auto repair facility and other tenants serving the surrounding communities. Additionally, many of the current tenants have been in occupancy for over ten years providing a stable tenancy and cash flow at this property. Due to a high number of tenants currently occupying their premises at below market rental rates, this property offering provides great upside potential to increase the rent roll and cash flow at the property. Additionally, almost 50% of the tenants do not have any options to renew further creating an opportunity for new ownership to negotiate new lease agreements at higher rental rates and more favorable terms over the next 12-18 months and beyond.
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This 3.9-acre parcel offers an exceptional opportunity for retail and office development in a high-demand commercial corridor. Positioned as an outparcel to a 200,000 sq. ft. Publix-anchored shopping center, the site benefits from strong built-in traffic, excellent visibility, and convenient access. Its C4 retail zoning allows for a variety of commercial uses, making it ideal for retailers, restaurants, medical offices, or professional services
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A commercial real estate business based in Delray Beach & Tampa, FL that specializes in the brokerage, development of commercial properties, including land acquisition and site development.
During the last twenty five years, we have been directly involved with over $3 Billion in commercial real estate sales and leasing transactions. Additional services include national retail tenant representation throughout the State of Florida.

Retailers are expanding again—but with far more discipline. Today, it’s not about opening the most stores, but choosing locations that can truly win. Real estate intelligence is reshaping decisions by tying together customer movement, store performance and financial impact, allowing brands to validate formats faster, negotiate smarter and align real estate strategy with bottom-line results. The retailers who treat data as a daily habit—not a quarterly report—are the ones building portfolios that can flex with consumer behavior and stay future-proof.
Tariffs under the Trump administration have become so unpredictable that retailers are struggling to keep up, with costs shifting faster than buying teams can plan. Because orders are usually placed months—sometimes nearly a year—in advance, the on-again, off-again tariff changes have disrupted long-standing vendor relationships, forced last-minute capacity bets, and pushed buyers to reorder their entire sourcing strategies. Big names like Best Buy and Ikea have already shifted production away from China, while smaller retailers face far greater pressure as they juggle longer lead times, unreliable suppliers, and tighter holiday deadlines. As experts point out, this volatile trade environment is accelerating a major industry shift: retailers must evolve from lean, efficiency-focused supply chains to more flexible, resilient ones—or risk being left behind.
IKEA's net profit fell nearly one-third to 1.5 billion euros from 2.2 billion euros in fiscal year 2025, as the company absorbed the impact of U.S. tariffs and rising commodity prices while maintaining lower prices for franchisees and customers. Total revenues remained essentially flat at 26.3 billion euros, with total IKEA sales declining 1% to 44.6 billion euros due to lower wholesale prices introduced in 2024. Despite the profit decline, sales volumes grew 2.6% and store visits increased nearly 2%, reaching 915 million, as the company opened 66 new locations globally. IKEA plans to maintain current wholesale price levels in fiscal 2026 to ensure stability and affordability despite continued pressure on profitability.
Office Leasing ExpertsAt Atlantic Commercial Group (ACG), our office leasing specialists bring decades of experience.. read more
Retail Leasing & Tenant Representation ExpertsRetail success starts with the right tenant mix and strong lease structures. .. read more
Commercial Real Estate Investment Services | Acquisition & Disposition SolutionsAt Atlantic Commercial Group (ACG), we specialize in identifying and securing both on-market and off-market commercial real estate opportunities that meet our clients' acquisition and disposition needs.... read more
Exceptional Tenant Representation | Office & Retail Leasing SolutionsFor over 25 years, Atlantic Commercial Group (ACG) has helped national, regional, and local retailers and office tenants successfully expand, relocate, and secure prime commercial spaces throughout South Florida... read more
Leading Land & Site Development Services | Commercial Real Estate AdvisorsAtlantic Commercial Group (ACG) has been at the forefront of land acquisition, site development, and commercial real estate growth for nearly 25 yearsl... read more
Joint VenturesAtlantic provides due diligence, market knowledge and economic analyses to advise and guide our clients on the acquisition... read more